Ethereum is attracting a large number of new users, with a significant increase in the number of addresses making initial interactions.

 according to CoinDesk, that Ethereum's activity has significantly increased over the past month, mainly driven by new addresses interacting for the first time, rather than existing users increasing their activity. Monthly user tracking data shows a noticeable surge in new user groups, with these wallets interacting on the blockchain for the first time.

This growth is different from before; previously, increases in on-chain activity often reflected the same group of users transferring funds more frequently, but the growth of new wallets indicates a rise in Ethereum's own attractiveness, covering DeFi, stablecoin transfers, NFTs, and new applications.